Inside Sources/DC Journal: Consumers Back Bill to Lower Credit Card Fees, Poll Shows
More than 55 percent of 2,040 likely voters surveyed by co/efficient said they supported the bill (while only 7 percent were opposed). ... The co/efficient poll, commissioned by the Merchants Payments Coalition, found 42 percent of voters plan to support a U.S. Senate candidate who backs the CCCA (while only 7 percent were less likely to support a candidate who supports the bill). That included 46 percent of Democrats, 41 percent of Republicans, and 37 percent of independents.
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MPC Hill Blast: Major IT Outages Ground Flights, Hits Banks and Businesses Worldwide
As everyone learned, and many experienced first-hand, last week a flawed update from the cybersecurity software firm Crowdstrike disrupted operations at companies of all kinds throughout much of the world.
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New Survey Shows Overwhelming Majority of Voters Want Congress to Pass the Credit Card Competition Act
An overwhelming majority of likely voters want Congress to pass the Credit Card Competition Act, and both Democrats and Republicans are more likely to support Senate candidates who back the measure, according to a new survey released by MPC.
READ MORE +MPC Hill Blast: The Blame Game
Big Wall Street banks love to jack up fees on consumers. And they like to blame anything else they can for their decisions to do so.
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Digital Transactions: A Card Issuer Trade Group Turns Up the Heat in Its Anti-CCCA Campaign
“All the claims about how rewards programs would be harmed by the CCCA have been fact-checked by independent third-parties and shown to be false,” says Doug Kantor, an MPC executive committee member and general counsel for the National Association of Convenience Stores. Kantor argues the EPC’s latest campaign shows there is no length to which the EPC will not go to spread misinformation about the credit card legislation. “There are small businesses and labor unions that support the legislation because they realize [the system is broken] and reform is needed,” Kantor says. “The banking industry does not speak for small businesses [or merchants]. The strategy the EPC is taking is not effective in our view because people are not as stupid as the banking industry thinks they are.”
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Moodie Davitt Report: ARRA joins Merchants Payments Coalition amid calls for fair credit card swipe fees
The Airport Restaurant and Retail Association has joined the Merchants Payments Coalition, a nonprofit group of retailers advocating for fair and competitive credit and debit card swipe fees for merchants. ARRA Executive Director Andrew Weddig said: “Airport merchants continue to recover from the pandemic and still face many challenges including high credit card swipe fees that drive up the cost of doing business and prices for our customers.
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Airport Experience News: Airport Restaurants and Retailers Join Merchants Payments Coalition
“We welcome ARRA members to the fight for fair, competitive swipe fees,” said MPC executive committee member and National Association of Convenience Stores general counsel Doug Kantor. “These businesses see the impact of these out-of-control fees every day and their involvement shows that swipe fees touch virtually every merchant whether they do business downtown, at the mall, online or even at the airport.”
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Credit Unions Today: Airport Restaurant and Retail Association Joins Group Backing Passage of Credit Card Competition Act
The Merchants Payments Coalition—which strongly supports the Credit Card Competition Act in Congress that credit unions equally strongly oppose—announced it has added a new member: the Airport Restaurant and Retail Association.
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WMAR-TV: Businesses contemplate passing credit card swipe fees to customers in surcharges or cash discounts
“Merchants and mainstream businesses have been waiting a very long time to get some basic relief here. They filed lawsuits in 2005 to try to change the system. They're still going,” said (MPC Executive Committee member) Doug Kantor, general counsel for the National Association of Convenience Stores.
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Airport Restaurants and Retailers Join Merchants Payments Coalition
MPC announced that the Airport Restaurant and Retail Association has joined the coalition.
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